qETH explorer · Ethereum
reading chain…
$1.00 par · each coin carries its dollar of M1, folded into its ByteID
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reserve cover
The value of qETH is the M1 money folded into each coin's ByteID — recoverable byte-for-byte, fail-closed, 100% on-chain. The figures below are read live from Ethereum mainnet.

Supply & Backing (M1 in the ByteID)

qETH supply—
Fiat backing (ByteID fold)—
qcUSD collateral supply—
Cover (backingBps)—

Audit — four-ledger identity

supply == backing—
== qcUSD supply—
== cents · 1e16—
100% reserved—

On-chain liquidity

qETH / qcUSD pool—
qETH / USDC anchor—
Anchor price—

Peg defense

Par-floor hook (v4)enforced ✓
Fiat-ByteID responderautonomous ✓
Backing model1:1 fiat + qcUSD
Never sells below paron-chain ✓

Canonical reserve · chain 42000

Master anchor (committedValue)—
Read fromon-chain · /_rpc/42000
qETH backing basisM1 in the ByteID

Verify it yourself — the same primitives we use

1 · Covereth_call backingBps() on qETH → 10000 = 100%
2 · Four ledgerstotalSupply == backingUnits == qcUSD == cents·1e16
3 · ByteIDeach mint's backing ByteID re-derives from its M1 content — expression is identity
4 · AnchorcommittedValue() on chain 42000 = the reserve record

Contracts (Ethereum, verified)

qETH coin — 0x68e2F27d…C8b9 qcUSD collateral — 0x960BbEcC…36819 ParFloorHook — 0xd66494B8…4080 qETH/qcUSD pool — 0xF6B47Ad9…4d43